Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-06-07

Engineering goods top India's export list

The government's incentives to exports to non-traditional markets have helped Indian companies

Engineering goods top India's export list

The country's shipments of engineering goods have increased almost eight fold in the last decade to become the biggest item of exports, ahead of primary products that used to dominate earlier.

Engineering goods include metal products, industrial machinery and equipment, auto and its components, and transport equipment.

"The rest of the world has begun to see India as a good destination for engineering goods where we have scale of operations as well as niche and proprietary products," said Yatin Shah, managing director, Precision Camshafts.

The government's incentives to exports to non-traditional markets have helped Indian companies. The share of Europe and the US is down nearly 15 percentage points over the decade. The share of Russian Federation, Middle East and Africa is up to 13.5% from 5% a decade back.

"The engineering goods have moved from the low to the medium end in terms of skill, knowledge and R&D applied," says KT Chacko, Director of IIFT.

"Emerging markets in general are more cost competitive," said Shankar Raman , CFO of engineering major L&T. "There seems to be a shift from the high cost-low productivity west to low cost-high productivity east," he said.

Precision Camshafts is increasing its capacity and will soon become the largest camshaft manufacturer in the world.

A two-and-a-half times increase in exports over a period of 7-8 years is clearly achievable", BN Kalyani, Chairman and Managing Director, Bharat Forge added.

Related opportunities
  • Bars, Pubs & Lounge
    About Us: Mumbai First Mexican Themed Resto – Pub Sammy Sosa is..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1000 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Home Appliance Repair
    About Us: Serviceswala offers the ultimate platform to entrepreneurs as well..
    Locations looking for expansion Rajasthan
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 50000 - 2lac
    Space required 10
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater BHILWARA Rajasthan
  • Art, Craft, Antique & Framing
    About Us: Attapetta is first of its kind concept store that..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About Us: Studio99 – Unisex Salons & Spa- A journey from Coffee..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads